Amendment, Modification, Suspension or Termination Sample Clauses

Amendment, Modification, Suspension or Termination. The Board or the Committee may amend, modify, suspend or terminate this Plan for the purpose of meeting or addressing any changes in legal requirements or for any other purpose permitted by law, except that: (i) no amendment or alteration that would materially adversely affect the rights of any Participant under any Award previously granted to such Participant shall be made without the consent of such Participant; and (ii) no amendment or alteration shall be effective prior to its approval by the shareholders of the Corporation to the extent shareholder approval is otherwise required by applicable legal requirements or the requirements of any exchange on which the Common Stock is listed. Notwithstanding the foregoing, no amendment may cause an Option or Stock Appreciation Right to be repriced, replaced, bought back, regranted through cancellation or modified without shareholder approval (except as provided in paragraph 14), if the effect of such amendment would be to reduce the exercise price for the shares underlying such Option or Stock Appreciation Right.
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Amendment, Modification, Suspension or Termination. The Board may amend, modify, suspend or terminate this Plan for the purpose of meeting or addressing any changes in legal requirements or for any other purpose permitted by law except that (i) no amendment or alteration that would impair the rights of any Participant under any Award granted to such Participant shall be made without such Participant's consent and (ii) no amendment or alteration shall be effective prior to approval by the Company's stockholders to the extent such approval is then required pursuant to Rule 16b-3 in order to preserve the applicability of any exemption provided by such rule to any Award then outstanding (unless the holder of such Award consents) or to the extent stockholder approval is otherwise required by applicable legal requirements.
Amendment, Modification, Suspension or Termination. The Personal Savings Plan is a part of and subject to the terms of the Collective Bargaining Agreement for hourly-represented employees and, subject to the terms of that agreement, the Company reserves the right, by and through its Board of Managers, to amend, modify, suspend, or terminate the Plan.
Amendment, Modification, Suspension or Termination. The Board may amend, modify, suspend or terminate this Agreement in whole or in part, except that no amendment, modification, suspension or termination shall have any retroactive effect to reduce any amounts allocated to the Account or the Company's payment obligation under Section 3.
Amendment, Modification, Suspension or Termination. The Profit Sharing Plan is a part of and subject to the terms of the collective bargaining agreement for hourly- represented employees, and, subject to the terms of that agreement, the Company reserves the right, by and through its Board of Managers, with the union’s consent, to amend, modify, suspend, or terminate the Plan. Appendix A APPENDIX A Manual Transmissions of Muncie, LLC (formerly New Venture Gear, Muncie, Indiana) General Motors Components Holdings, LLC (Grand Rapids, Kokomo, Lockport, Rochester) GENERAL MOTORS LLC Paragraph 109 Leave International Union, United Automobile, Aerospace and Agricultural Implement Workers of America, UAW 0000 Xxxx Xxxxxxxxx Xxxxxx Xxxxxxx, Xxxxxxxx 00000 Attention: Xx. Xxxxx Xxxxxx Vice President and Director General Motors Department Dear Xx. Xxxxxx: October 16, 2019 During the discussions between the parties held in conjunction with completing the Profit Sharing Plan language, the Union requested that Employees on leave under Paragraph 109 of the National Agreement to engage in the business of or to work for the Local Union should be included as eligible Employees under such Plan. The Company pointed out, however, that certain employees not involved in the in-plant administration of the National Agreement would not be included in the Plan and would not receive any Compensated Hours under the Plan while on such leave. Very truly yours, GENERAL MOTORS LLC X. Xxxxx Xxxxxxxx Vice President GMNA Labor Relations Accepted and Approved: INTERNATIONAL UNION, UNITED AUTOMOBILE, AEROSPACE AND AGRICULTURAL IMPLEMENT WORKERS OF AMERICA, UAW By: Xxxxx Xxxxxx Union Reports GENERAL MOTORS LLC October 16, 2019 International Union, United Automobile, Aerospace and Agricultural Implement Workers of America, UAW 0000 Xxxx Xxxxxxxxx Xxxxxx Xxxxxxx, Xxxxxxxx 00000 Attention: Xx. Xxxxx Xxxxxx Vice President and Director General Motors Department Dear Xx. Xxxxxx: This will confirm the understanding reached during our recent discussions with the Union regarding the information to be provided to the Union supporting computations made to compute Earnings (loss) before taxes-adjusted (the “GMNA EBIT-Adjusted”) in the Profit Sharing Plan for Hourly-Rate Employees in the United States (the “Profit Sharing Plan”). In these discussions, we advised the Union that for each Plan Year the Company would provide the following information: • GMNA EBIT-Adjusted, as reported in the Segment Reporting footnote of General Motors Company’s Form 10-K; • A sc...
Amendment, Modification, Suspension or Termination. The Committee may amend, modify, suspend or terminate the Agreement in whole or in part, except that no amendment, modification, suspension or termination shall have any retroactive effect to reduce any amounts allocated to Executive’s Account. In the event that this Agreement is terminated, the amounts allocated to Executive’s Account shall be distributed to Executive or, in the event of his death, his Beneficiary in a lump sum on the fifteenth business day following the date of termination.

Related to Amendment, Modification, Suspension or Termination

  • Amendment, Suspension or Termination of the Plan By accepting this Award, Participant expressly warrants that he or she has received an Award of Restricted Stock Units under the Plan, and has received, read and understood a description of the Plan. Participant understands that the Plan is discretionary in nature and may be amended, suspended or terminated by the Company at any time.

  • Modification or Termination The Loan Documents may only be modified or terminated by a written instrument or instruments intended for that purpose and executed by the party against which enforcement of the modification or termination is asserted. Any alleged modification or termination which is not so documented shall not be effective as to any party.

  • Procedure for Termination, Amendment, Extension or Waiver A termination of this Agreement pursuant to Section 7.01, an amendment of this Agreement pursuant to Section 7.03 or an extension or waiver of this Agreement pursuant to Section 7.04 shall, in order to be effective, require in the case of Parent, Sub or the Company, action by its Board of Directors.

  • Contract Renegotiation, Suspension, or Termination Due to Change in Funding If the funds DSHS relied upon to establish this Contract or Program Agreement are withdrawn, reduced or limited, or if additional or modified conditions are placed on such funding, after the effective date of this contract but prior to the normal completion of this Contract or Program Agreement:

  • TERMINATION OR MODIFICATION A. This Agreement shall continue in full force and effect until December 31, 2011.

  • Amendment, Modification or Waiver No provision of this Agreement may be amended, modified or waived except by an instrument in writing signed by the Assignor and the Assignee, and consented to by the Agent.

  • Amendment, Suspension and Termination To the extent permitted by the Plan, this Agreement may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Committee or the Board, provided, that, except as may otherwise be provided by the Plan, no amendment, modification, suspension or termination of this Agreement shall adversely effect the Award in any material way without the prior written consent of the Participant.

  • Amendment; Modification; Waiver This Agreement shall not be amended, nor shall any provision of this Agreement be considered modified or waived, unless evidenced by a writing signed by the parties hereto, and in compliance with applicable provisions of the Investment Company Act.

  • TERM, TERMINATION & SUSPENSION The Company may terminate this Agreement with You at any time for any reason, with or without cause. The Company specifically reserves the right to terminate this Agreement if You violate any of the terms outlined herein, including, but not limited to, violating the intellectual property rights of the Company or a third party, failing to comply with applicable laws or other legal obligations, and/or publishing or distributing illegal material. If You have registered for an account with Us, You may also terminate this Agreement at any time by contacting Us and requesting termination. At the termination of this Agreement, any provisions that would be expected to survive termination by their nature shall remain in full force and effect.

  • Suspension or Termination In accordance with 24 CFR 85.43, the Grantee may suspend or terminate this Agreement if the Recipient materially fails to comply with any terms of this Agreement, which include (but are not limited to), the following:

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